Common use of Class records Clause in Contracts

Class records. arrange for the Agent to have access electronically to the class records of each Vessel by either (i) arranging for the relevant Classification Society to give the Agent direct access to such class records or (ii) designating the Agent as a user or administrator of the relevant Owner’s electronic accounts with the relevant Classification Society; and

Appears in 3 contracts

Sources: Facility Agreement, Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

Class records. arrange for the Agent to have access electronically to the class records of each Vessel by either (i) arranging for the relevant Classification Society to give the Agent direct access to such class records or (ii) designating the Agent as a user or administrator of the relevant Owner’s Borrowers’ electronic accounts with the relevant Classification Society; and

Appears in 2 contracts

Sources: Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)

Class records. arrange for the Agent to have access electronically to the class records of each Vessel by either (i) arranging for the relevant Classification Society to give the Agent direct access to such class records or (ii) designating the Agent as a user or administrator of the relevant Owner’s Borrowers’ electronic accounts with the relevant Classification SocietySociety if so allowed under the Classification Society rules; and

Appears in 2 contracts

Sources: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

Class records. The Borrower shall arrange for the Agent to have access electronically to the class records of each Vessel Ship by either (i) arranging for the relevant Classification Society classification society to give the Agent direct access to such class records or (ii) designating the Agent as a user or administrator of the relevant OwnerBorrower’s electronic accounts with the relevant Classification Society; andclassification society.

Appears in 2 contracts

Sources: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

Class records. The Borrowers shall arrange for the Agent to have access electronically to the class records of each Vessel Ship by either (i) arranging for the relevant Classification Society classification society to give the Agent direct access to such class records or (ii) designating the Agent as a user or administrator of the relevant Owner’s Borrowers’ electronic accounts with the relevant Classification Society; andclassification society.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Navios Maritime Partners L.P.)

Class records. procure that each Owner shall arrange for the Agent to have access electronically to the class records of each Vessel the Ship owned by it by either (i) arranging for the relevant Classification Society to give the Agent direct access to such class records or (ii) designating the Agent as a user or administrator of the relevant that Owner’s electronic accounts account with the relevant Classification Society; and;

Appears in 1 contract

Sources: Loan Agreement (StealthGas Inc.)

Class records. arrange for the Agent to have access electronically to the class records of each the Vessel by either (i) arranging for the relevant Classification Society to give the Agent direct access to such class records or (ii) designating the Agent as a user or administrator of the relevant OwnerBorrower’s electronic accounts with the relevant Classification Society; and

Appears in 1 contract

Sources: Facility Agreement for a Term Loan Facility (Navios Maritime Acquisition CORP)

Class records. arrange for the Agent to have access electronically to the class records of each Vessel by either (i) arranging for the relevant Classification Society to give the Agent direct access to such class records or (ii) designating the Agent as a user or administrator of the relevant OwnerBorrower’s electronic accounts with the relevant Classification SocietySociety if so allowed under the Classification Society rules; and

Appears in 1 contract

Sources: Facility Agreement (Navios Maritime Holdings Inc.)